Polymer Capital Management US LLC Takes Position in Dollar General Co. (NYSE:DG)

Polymer Capital Management US LLC purchased a new position in shares of Dollar General Co. (NYSE:DG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 8,311 shares of the company's stock, valued at approximately $630,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cerity Partners LLC raised its holdings in Dollar General by 13.4% during the fourth quarter. Cerity Partners LLC now owns 35,403 shares of the company's stock worth $2,772,000 after purchasing an additional 4,192 shares in the last quarter. Federated Hermes Inc. raised its stake in Dollar General by 9.8% during the 4th quarter. Federated Hermes Inc. now owns 2,159 shares of the company's stock worth $164,000 after acquiring an additional 192 shares in the last quarter. Aster Capital Management DIFC Ltd lifted its position in Dollar General by 1,482.3% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 14,288 shares of the company's stock valued at $1,083,000 after acquiring an additional 13,385 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Dollar General by 151.3% in the fourth quarter. Russell Investments Group Ltd. now owns 1,312,530 shares of the company's stock valued at $99,516,000 after acquiring an additional 790,284 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Dollar General by 157.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 755,715 shares of the company's stock worth $57,298,000 after purchasing an additional 461,900 shares during the last quarter. 91.77% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

DG has been the subject of several analyst reports. UBS Group reduced their price objective on Dollar General from $108.00 to $95.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. Citigroup upgraded shares of Dollar General from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $69.00 to $101.00 in a research report on Monday, April 7th. Morgan Stanley reduced their target price on shares of Dollar General from $100.00 to $80.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 21st. Melius upgraded shares of Dollar General from a "hold" rating to a "buy" rating and set a $110.00 price target on the stock in a research note on Tuesday. Finally, Piper Sandler lifted their price objective on Dollar General from $79.00 to $81.00 and gave the company a "neutral" rating in a report on Friday, March 14th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Dollar General has an average rating of "Hold" and a consensus price target of $94.75.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the business's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $94.72, for a total transaction of $76,628.48. Following the completion of the sale, the executive vice president now directly owns 48,532 shares in the company, valued at approximately $4,596,951.04. The trade was a 1.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.49% of the company's stock.

Dollar General Stock Up 2.3 %

Shares of NYSE DG traded up $1.98 during trading hours on Friday, hitting $89.11. The company had a trading volume of 4,210,641 shares, compared to its average volume of 3,843,195. The firm's 50 day moving average is $80.35 and its 200-day moving average is $78.25. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $19.60 billion, a P/E ratio of 14.68, a price-to-earnings-growth ratio of 2.18 and a beta of 0.40. Dollar General Co. has a 1-year low of $66.43 and a 1-year high of $153.82.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.17. The firm had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business's revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.83 earnings per share. On average, analysts expect that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be paid a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.65%. Dollar General's dividend payout ratio (DPR) is presently 46.18%.

About Dollar General

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.